Governor's Office for Local Development
Eddyville Riverport & Industrial Development Authority Awarded CEGG Funding
Governor Ernie Fletcher and the Governor’s Office for Local Development (GOLD) today announced that the Eddyville Riverport & Industrial Development Authority will receive $200,000 in funding from the Community Economic Growth Grant (CEGG) program.
The fund, which was established during the 2005 General Assembly as HB 267, provides nearly $10 million in grant funds to be allocated during the 2005-2006 biennium.
“The Community Economic Growth Grant exemplifies what is possible when the Executive Branch and the Legislature work in a bi-partisan manner,” said Governor Ernie Fletcher. “The infusion of these funds will result in over $99 million in successful projects across the Commonwealth.”
The Eddyville Riverport & Industrial Development Authority requested funds dredge Lick Creek Bay to remove debris and silt.
Senator Kenneth Winters (R-Murray) noted this project consists of improvements to the only riverport in the Pennyrile region. “Governor Fletcher recognizes the economic investment by removing the debris. Agriculture, marine life and future tourist opportunities will be directly impacted as a result of this funding.”
Representative J.R. Gray (D-Benton) said, “Improving the riverport is vital to this area. I am also glad to see funds will be used to repave the area around the port complex.”
CEGG is administered by the Governor’s Office for Local Development through the Kentucky Community Development Office (KCDO). The goal of the program is to provide flexible funding to support and encourage the economic growth and viability of communities within the Commonwealth.
Counties, cities, special districts and school districts were eligible to apply for this year’s funding. Monies can be utilized for construction, acquisition of property, equipment purchase, industrial site development, infrastructure and capital improvement projects.